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REGISTERED NUMBER: 12290817 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 October 2023

for

Ffj Estates Limited

Ffj Estates Limited (Registered number: 12290817)

Contents of the Financial Statements
For The Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ffj Estates Limited

Company Information
For The Year Ended 31 October 2023







DIRECTORS: L Dunk
Mrs M R Dunk





REGISTERED OFFICE: 10-12 Mulberry Green
Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 12290817 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Ffj Estates Limited (Registered number: 12290817)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 300,003 -
Investment property 5 345,000 340,000
645,003 340,000

CURRENT ASSETS
Debtors 6 73,896 221,040
Cash at bank 171,593 18,692
245,489 239,732
CREDITORS
Amounts falling due within one year 7 803,069 503,992
NET CURRENT LIABILITIES (557,580 ) (264,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,423

75,740

PROVISIONS FOR LIABILITIES 8 14,596 13,646
NET ASSETS 72,827 62,094

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 62,228 58,178
Retained earnings 10 10,598 3,915
SHAREHOLDERS' FUNDS 72,827 62,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ffj Estates Limited (Registered number: 12290817)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:




L Dunk - Director



Mrs M R Dunk - Director


Ffj Estates Limited (Registered number: 12290817)

Notes to the Financial Statements
For The Year Ended 31 October 2023


1. STATUTORY INFORMATION

Ffj Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.


Ffj Estates Limited (Registered number: 12290817)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Other investments not loans 3 -
Other loans 300,000 -
300,003 -

Additional information is as follows:
Other
investments
£   
COST
Additions 3
At 31 October 2023 3
NET BOOK VALUE
At 31 October 2023 3
Other
loans
£   
New in year 300,000
At 31 October 2023 300,000

Ffj Estates Limited (Registered number: 12290817)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 340,000
Revaluations 5,000
At 31 October 2023 345,000
NET BOOK VALUE
At 31 October 2023 345,000
At 31 October 2022 340,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 71,824
Valuation in 2023 5,000
Cost 268,176
345,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 268,176 268,176

Investment property was valued on an open market basis on 31 October 2023 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 73,896 221,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,567 2,493
Other creditors 3 -
Directors' current accounts 801,499 501,499
803,069 503,992

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 14,596 13,646

Ffj Estates Limited (Registered number: 12290817)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 13,646
Provided during year 950
Balance at 31 October 2023 14,596

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 3,915 58,178 62,093
Profit for the year 10,733 10,733
Fair value uplift (5,000 ) 5,000 -
Tax on fair value uplift 950 (950 ) -
At 31 October 2023 10,598 62,228 72,826